Key figures SIX Swiss Exchange and SIX Structured Products Exchange: March 2017

Zurich - 3 April 2017

  • Strongest month in the year to date
  • Trading turnover of CHF 143.1 billion (+32.2% month-on-month)
  • Number of trades 4,682,615 (+17.8% month-on-month)
  • Average trading turnover per day of CHF 5.8 billion (Year-to-date)

March was the strongest month on SIX Swiss Exchange so far this year in terms of both trading turnover and the number of transactions. However, in January there were two and in February three fewer trading days than in March. But even when this factor is taken into account, the two figures are still the highest in 2017 to date.

Trading turnover reached a total of CHF 143.1 billion in March, which marked an impressive increase of 32.2% on the previous month. The average daily trading turnover was therefore CHF 6.2 billion. There was also a marked rise in the number of trades, which were up by 17.8% to 4,682,615. The highest number of trades during the month was recorded on Friday, 17 March, when market participants traded securities with a total value of CHF 11.9 billion. This day marked what is referred to as a triple witch, the third Friday of the third month in the quarter, which is when futures and options expire. The most-traded security in March was Roche GS.

Trading turnover was also up on a year-on-year basis. Over the first three months of 2017, turnover on the trading platforms of SIX Swiss Exchange totaled CHF 371.7 billion, equating to growth of 6.0% versus the same period last year. Last year's trading was spread over a greater number of transactions, which is why the corresponding figure for this year of 12,861,385 is 7.8% down on last year's total.

The month-on-month growth in March was reflected across all segments. The number of transactions was up by 17.8% in the equities including funds + ETPs segment, in which 4,485,017 trades were conducted, with trading turnover up by 29.9% to CHF 110.9 billion. In ETFs, trading turnover advanced 44.7% to CHF 12.8 billion, while the number of trades climbed by 17.7% to 101,285. In structured products and warrants, turnover was up 18.4% to CHF 1.5 billion. Furthermore, the volume of trades rose by 13.1% to 55,812. CHF bond trades were up by 22.3% to 37,853, with turnover surging by 42.5% to CHF 15.0 billion.

25 new CHF bond issues (-13.8%) and 3,192 new structured products and warrants (+16.3%) were admitted to trading in March. In all, this means that 67 new CHF bonds (+3.1%) and 8,904 new structured products and warrants (-10.5%) have been listed since the start of the year. In addition, SIX Swiss Exchange welcomed a new company in March. Shares in healthcare company Rapid Nutrition PLC were listed in accordance with the International Reporting Standard on 29 March.

The performance of the most important equity indices was as follows in March 2017: the blue chip SMI® index closed at 8,658.9 points at the end of March (+1.3% month-on-month; +5.3% versus end-2016). The SLI Swiss Leader Index® ended the month at 1,376.7 points (+1.7%/+6.1%), with the broader-based SPI® coming in at 9,637.8 points (+2.9%; +7.5%). The SBI® AAA-BBB Total Return index was down versus February (-0.8%/+0.2% compared with end-2016) at 136.5 points.

SIX Swiss Exchange is one of the leading exchanges in Europe. It connects companies from around the world with international investors and trading participants. It creates particularly market-oriented framework conditions for listing and trading in its highly liquid segments. SIX Swiss Exchange multiplies the locational advantages of the Swiss financial marketplace with first-rate services and is an ideal listing location. It distributes its own range of indices, including Switzerland’s most important blue-chip index SMI®. With the world’s most advanced trading technology Xstream INET it offers excellent trading conditions.

SIX Structured Products Exchange runs the structured products exchange in Switzerland and is a wholly owned subsidiary of SIX Swiss Exchange. It is characterized by a high level of investor protection, active market control and binding prices. It trades only in products that have completed the regulated SIX Swiss Exchange listing procedure and meet clearly defined requirements with regard to investor safety. As one of Europe's leading exchanges, SIX Structured Products offers a sound platform for trading structured products thanks to maximum transparency, efficiency and dependability. The regulated market ensures equal treatment of issuers and investors.

SIX operates the infrastructure underpinning the Swiss financial sector and offers a comprehensive range of services around the world in the fields of securities trading and settlement, financial information and payment transactions. The company is owned by its users (approximately 130 banks of various orientation and size). Its workforce of over 4,000 employees and presence in 25 countries throughout the world generated operating income of CHF 1.8 billion and a Group net profit of CHF 221.1 million in 2016.

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